“There is absolutely no evidence, and every economist will tell you this, that there is any job-loss related to the Affordable Care Act.” – Health and Human Services Secretary Kathleen Sebelius
The Obama Administration nominees to the Federal Reserve highlighted the damaging effects of ObamaCare in its February Beige Book:
“Employers continued to express concern about potential cost increases related to the Affordable Care Act….In regard to hiring and capital expenditure plans, firms continued to expand cautiously and will do so until the pace of growth strengthens and exhibits sustainability; in addition, they face ongoing uncertainty from implementation of the Affordable Care Act.”
Economists also note the “depressing effects” ObamaCare will have on job creation:
“As time goes by and additional research results become available, it increasingly appears that even the experts failed to fully appreciate the labor-market-depressing effects of the Affordable Care Act at the time it was passed.” – Casey Mulligan of the University of Chicago
“There will be fewer people employed and fewer hours worked because of this law. Jobs result from the interaction of supply and demand curves for labor. If policy moves the demand curve down or the supply curve left, the number of jobs will decline and jobs will be “killed” by the policy change.” – Keith Hennessey, Former Director of the National Economic Council
In March, the House will act to repeal ObamaCare’s 30-hour rule which is forcing millions of Americans to have their hours and wages cut.